OVERLAND PARK, KAN. — Atlanta-based NYLO Hotels LLC has announced plans for a 160-room NYLO Hotel in Overland Park. Located within the 96-acre Corbin Park mixed-use development at the corner of 135th Street and Metcalf Avenue, the hotel will feature loft-style rooms with ceiling heights exceeding 10 feet. Hotel amenities will include a business center, a gym, a clothing boutique, and a 24-hour restaurant and bar. Groundbreaking is expected to occur soon, with completion in mid-2009. The NYLO Hotel will serve as one of the anchors of Corbin Park. It is the company’s fifth hotel and first in the Midwest.
MANSFIELD, TEXAS — San Antonio-based K Partners Hospitality Group has broken ground on two hotels in the heart of Mansfield. The 83-room Fairfield Inn & Suites will feature an indoor pool, a whirlpool, a boardroom and a fitness center. The 88-room Hampton Inn & Suites will offer an outdoor pool and spa, 1,500 square feet of meeting space with a boardroom, and a fitness center.
IRVING, TEXAS — NYLO Hotels LLC recently broke ground on its third property, a 200-room hotel in Irving’s Las Colinas mixed-use community. NYLO Las Colinas will be an upscale, loft-style hotel featuring a 3,000-square-foot ballroom; an outdoor courtyard; a full-service restaurant; a high-energy bar; meeting space; a business center; a high-tech gym; a game room; a library; and a boutique shop. ORIX Real Estate Capital of Chicago provided financing, and Key Construction Texas LLC is the general contractor.
JACKSONVILLE, FLA. — The Jacksonville Airport Microtel, a 77-room, three-story property owned by JAX Lodging and principals Gregory and Kim Spatz of Pompano Beach, Fla., has opened at 13200 International Airport Blvd. The hotel features Microtel’s new prototype design and includes single, double and suite accommodations. Amenities include a fitness center, business center, swimming pool and meeting room. The general contractor was United States Construction Corp., and the property will be managed by SKY Hospitality of Palm Harbor, Fla.
HAMPTON, VA. — Hampton Hotel Associates, an affiliate of MHI Hospitality, has purchased Hampton Marina Hotel, a nine-story, 172-unit property in downtown Hampton, from the Hampton Economic Development Corp. David Mumford of The Mumford Company’s Newport News, Va., office was the sole broker and exclusively represented the seller. The new owner plans to invest more than $5 million to reposition the property as a Crowne Plaza.
IOWA CITY, IOWA — The Chicago office of Molinaro Koger (MK) has facilitated the sale of a 234-room Sheraton Hotel located adjacent to the University of Iowa in Iowa City. The hotel features more than 26,000 square feet of flexible meeting space, two restaurants with combined seating for 520, a full-service business center, a locally managed fitness center, an indoor swimming pool and a whirlpool. John Jameson of MK represented the seller, Ashford Hospitality Trust. The hotel was acquired by a joint venture involving Davidson Hotel Co. and Rockbridge Capital. It will remain a Sheraton and will be managed by Davidson. The purchase marks the sixth university-related hotel acquired by Davidson.
STATESBORO, GA. — Steve Kirby and Burton Brooks of The Mumford Company’s Atlanta office were the sole brokers in the sale of a 92-room Holiday Inn Express in Statesboro, on behalf of an undisclosed seller and buyer. The four-story hotel is located at 125 South Main Street and will be repositioned as another brand in July after cosmetic renovations.
ROYERSFORD, PA. — A new Staybridge Suites in Royersford is set to break ground this summer. The 104-room hotel features 65 studios, 31 one-bedrooms and eight two-bedrooms. All suites feature fully equipped kitchens and separate work areas. Amenities include an outdoor pool, a 1,000-square-foot meeting room and in-room video check-out. The hotel is slated for completion spring 2009. The hotel is owned by Latitude Hotels Group Royersford and will be managed by Ocean Hospitalities under a license agreement with InterContinental Hotels Group.
DOTHAN, ALA. — Larry Blumberg & Associates has opened an 84-room Residence Inn by Marriott in Dothan. Hotel amenities include a swimming pool, multi-sport court, exercise room, social room and a business center. The property is located at 186 Hospitality Lane.
LITTLE RIVER, S.C. — Coquina Hotel has purchased a 79-room Holiday Inn & Suites in Little River, from Charleston, S.C.-based Charlestowne Hotels. The full-service hotel includes a restaurant and pool and features views of the Intercoastal Waterway. Scott Stephens of HREC Investment Advisors’ Tampa, Fla., office and Pat Culligan of its Memphis, Tenn., office were the sole brokers and exclusively represented the seller. The property is located at 722 Highway 17.